The August issue of NoLoad FundX was published Wednesday, August 1st, after 6 p.m. pacific time. The issue includes articles on when to pay mutual fund transaction fees, and how to select bond funds.
Here are three important notices regarding this month’s issue:
- We updated the online version of the August issue Thursday morning when we discovered that an important word was missing from a sentence in an article on using yield and total return to select bond funds. We corrected the sentence to read, “Another reason we don’t select bond funds based solely on yield is that higher yielding funds may have higher risks.” In the earlier version, “don’t” was missing from the sentence, which contradicted what we explained earlier in the article, that “yield is only part of the picture. When selecting bond funds, it’s also important to consider a fund’s total return, as we do in the Monthly Flexible Income Portfolio.”
- As we noted in our monthly post on changes to the NoLoad FundX fund and ETF listings, we moved PowerShares Dividend Achievers (PFM) to the online supplement. PFM was ranked as a buy last month and continues to be highly ranked. In next month’s issue, we’ll note whether PFM is a buy, hold or sell.
- This month, American Century One Choice Very Conservative Fund (AONIX) is in the Class 4 Star Box even though it is ranked as a Sell. The Fund has only 23% in stocks and so it hasn’t participated fully in the strong market for the past two months, but it remains in the Star Box because it has not yet met our 90-day minimum hold. In June, we began holding funds in the Star Boxes for a minimum of 90 days (previously we only included funds with minimum hold times of 30 days or less) and reduces turnover. Next month, we’ll reassess AONIX and if it is still ranked as a sell, it will be replaced.